EURUSD has so far double topped on the Resistance A level.
At the same time the 1day RSI is on Lower Highs, which is a Bearish Divergence.
The last Bearish Divergence was on the December 28th 2023 high with the rejection that followed extending all the way to the 0.618 Fibonacci level.
We expect a similar sell off, targeting 1.07700 (Fib 0.618).
Previous chart:
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At the same time the 1day RSI is on Lower Highs, which is a Bearish Divergence.
The last Bearish Divergence was on the December 28th 2023 high with the rejection that followed extending all the way to the 0.618 Fibonacci level.
We expect a similar sell off, targeting 1.07700 (Fib 0.618).
Previous chart:
Follow us, like the idea and leave a comment below!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.